Rose's vote of confidence follows the July purchase of 1K shares by director/KeyCorp CEO Beth E. Mooney, and 10K shares by director/ex-Alltel CEO Scott. T. Ford.
AT&T is currently in the middle of a fairly narrow 52-week range. Shares have underperformed the S&P 500 by a large margin over the last 18 months amid concerns about tough wireless competition/price pressure. The dividend yield stands at 5.3%.